Friday 24 February 2017

Exporters Association calls for end of austerity after Budget 2014

Ailish O'Hora

Ailish O'Hora

Microsoft - the biggest exporter from Ireland last year
Microsoft - the biggest exporter from Ireland last year

THE Irish Exporters Association has called for an end to austerity budgets after 2014 as they called for more incentives for export-led businesses.

The body has called on Finance Minister Michael Noonan to state that October’s budget will be the last austerity one.

Just over €3bn is scheduled to be taken out of the economy in October and a further €2bn in the following one.

The IEA also called for the abolition of the pension levy in its pre-budget submission.

IEA chief executive John Whelan said the body has called for:

-No increase in the cost of employment for exporters

- a return to lower capital gains tax

- improve incentives for exporters

- no more income tax increases

- State expenditure reduction budget target of €1.9bn to be maintained

“There is a very strong case for a full blown effort to stimulate export growth in the 2014 budget,” he said.

“Each job created is worth approximately €20,000 to the Exchequer.”

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